Income Tax Department sends cheque for INR 2 Crore as
Refund after completion of Assessment for A.Y.2011 - 2012
to a Company. As per IT Return filed for this year I.T.
due to Government was INR 60 Lac but was assessed at INR
70 Lac. TDS due to Company was INR 3 Crore which was
admitted as INR 2.7 Crore by Government. Government also
adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which
was disputed earlier by the Company and Appeal was lying
with the CIT. Government pays Interest to the Company
amounting to INR 40 Lac. Provision for Income Tax made by
the Company in its accounts for F.Y. 2010 - 2011 (A.Y.
2011 - 2012) was INR 50 Lac. What would be the Journal
Entry at the time of receipt of Refund of INR 2 Crore
from the Government in A.Y. 2014 - 2015 in the books of
The company has incurred Preliminary expenses. As per old
Schedule VI these are to be shown under the head MISCELLANEOUS
EXPENDITURE in Assets side of Balance Sheet. Now where to show
these expenses under revised Scheduke VI.
Information regarding shop & establishment registration of
propiertor ship & require document for this
Occasionally it is said that issuing convertible bonds is
better than issuing stock when the firms shares are
undervalued. Suppose that the financial manager of Decent
Furniture Company does in fact have inside information
indicating that the decent stock price is too low. Decent
furniture earnings will in fact be higher than investor’s
expectations. Suppose further that the inside information
cannot be released without giving away a valuable
competitive secret. Clearly, selling shares at the present
low price would harm Decent’s existing shareholders. Will
they also lose if convertible bonds are issued? If they do
lose in this case, is the loss more or less than it would
be if common stock is issued?
Now suppose that investors forecast
earnings accurately, but still under value the stock
because they overestimate Decent’s actual business risk.
Does this change your answer to the questions posed in the
preceding paragraph? Explain.
sir i want aao lic exam model question paper
Is it possible to list only a portion of Equity Shares
leaving the balance as unlisted?
STATE & EXPLAIN THE IMPACT OF GLOBAL FINANCIAL CRIS ON
CEMENT SECTOR IN INDIA:
Does provisions need to be subtracted from reserves if net
worth is calculated on the basis of share capital based method
1) What is the steps of delisting the listed company
2) How to spliting the listed company shares
3) Which way the company should function when it has paidup
capital is equal or more than 5,00,00,000/- (I mean which
way the company should do it work in the company Act 1956.
Is the company have to appoint a CS and and managing
director of a any other things which is compulsory for
these kind of company which paid up capital is 5,00,000/-
what is correct accounting treatment for preliminary exps and
pre-operative Expsas per AS 26? or any other applicable AS?
how to solve the problem of sechdule date problem in sap
hat is the meaning of the capital ique,and hat is capital,and
ahat is ique
How to analyse the day to day sensex Points or Forex Values?
HOW CAN I MAKE ENTRY OF TDS ON SALARY IN TALLY
Can anybody tell when sbh dispatches appointment letters for
Clerical for people completed medical and scrutiny of
documents on 15/08/09?
I am Simrat Kaur. I am persuing graduation from P.U. I have
an experience of 14 months as a CSA. But i hav an experience
letter of 6 months.But I can show my joinin letter of the
other job. I hav knowledge of basics of computer & internet.
Actually, m findin job in chandigarh. I am findin the right
opportunity. so, Can u plz help me in findin the right job??
Can u plz tel me abt where interviews r goin on?
what is rate of service tax and form no. of service tax ?
wt rules of service tax a particuler once .?